Until the first half of February 2022, the total value of pangasius exports to the EU reached 20.2 million USD, up 40.2% over the same period last year. This is the most optimistic growth after many months of stagnation or plunge.
Currently, the Netherlands, Belgium, Germany, and Spain are the 4 largest pangasius export markets in the block of Vietnamese seafood enterprises, in which, the Netherlands is the largest market, accounting for 36.6% of the total export value to this market.
Over 10 years ago, the EU, as our traditional partner, was the largest pangasius export market of Vietnam. However, after reaching the "golden" time in the years 2016-2018, pangasius exports to the EU began to level off and gradually declined.
After being affected by Covid-19, many importers said they faced financial difficulties because the demand for white fish, including pangasius, in many markets of the region had not expanded, while logistics costs, transportation costs, etc., increased significantly. Many EU customers have actively requested to reduce the order quantity, cancel or postpone orders that have already been or are about to be signed. In addition, FOB importers face difficulties due to high sea freight costs, hence although pangasius prices in the EU are still stable, many importers are hesitant to purchase.
Due to higher demands from EU customers, while the repurchase price is not very attractive, in 2021, many enterprises which once had a competitive advantage when exporting to the EU moved to other markets such as China, Mexico, Brazil, Egypt, Colombia, and Thailand. That is also the reason why pangasius export value to the EU decreased continuously.
At the beginning of this year, pangasius export value to the EU is experiencing positive growth again, which is promising for many businesses that would like to return to this market. Although in the past few months, the export value of pangasius to many European countries has been downsized or interrupted, this is still considered a large and important market for Vietnamese enterprises. Compiled by Minh Trang
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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